New Bedford (Mass.) Contributory Retirement System is looking to commit $20 million to an open-end core infrastructure fund, $12 million to a primary North American buyout fund and $8 million to a secondary private equity fund.
The $450 million pension fund has issued an RFP for infrastructure managers after creating a new asset class and another RFP for private equity managers to bring that asset class closer to target, said Rafik Ghazarian, vice president and senior consultant at investment consultant Segal Marco Advisors, in an email.
Mr. Ghazarian did not provide further information on the asset classes. Eric C. Cohen, the pension fund's executive director, referred questions to Mr. Ghazarian.
The infrastructure RFP and private equity RFP are available on the website of Segal Marco Advisors, which is assisting with the search.
Proposals for both searches are due at 3 p.m. EDT on April 5. Mr. Ghazarian said selections will take place by the end of 2023.
